T-CETRA, a Dublin, Ohio-based technology company, is seeking to expand its presence in Dublin. The company has outgrown its current leased space at 6500 Emerald Parkway and has been evaluating options to purchase a building in Dublin and other central Ohio locations to grow its workforce from its current 87 to 180 by 2022.
According to Economic Development Director Colleen Gilger, Dublin City Council approved an economic development retention and expansion incentive worth $120,000. The City proposed a lump sum retention payment grant of $35,000 upon the acquisition of a minimum 25,000 square feet building located within the Dublin corporation limit, and an approved full-occupancy permit within the Dublin corporation limit.
“Dublin, OH, much like T-CETRA, continues to push boundaries, said Abdul Akel, CEO and co-founder. “The city makes growing the tech industry their primary focus. Dublin has the ideal mix of progressive technology and Midwest values; welcoming all. This is why T-CETRA calls Dublin, OH home!”
T-CETRA will be required to retain ownership and occupancy of the facility for a minimum 10 years (2018-2027) or the grant must be paid back to the City. Should T-CETRA outgrow or sell this facility and acquire a larger facility in Dublin during this 10-year period, the grant payback will be waived.
The City also proposed a four-year, 18% performance withholding incentive of $85,000 from 2018 – 2021 tied to employee and payroll growth.
T-CETRA is a technology company building strategic partnerships to solve the wireless industry’s complex problems. The growing company is acting to become the telecom industry’s go-to source for airtime, handsets, and payment processing solutions.
Media Contact: Sue Burness, Acting Director of Community Relations/Public Affairs Officer email@example.com 614.226.5382
Twitter/@sueburness @dublinohio www.dublinohiousa.gov
About the City of Dublin, Ohio, USA
Dublin is a city of more than 47,000 residents located just northwest of Columbus, Ohio. It offers residents and corporate citizens responsive services, attractive housing, superior public education, direct regional highway access, abundant park space, thoughtful and strategic planning, innovative ideas and technology and a dynamic community life. Dublin is consistently ranked one of the safest cities in the nation and in 2015 was named one of America’s Top 20 Creative Class Cities. It is home to more than 20 corporate headquarters, an entrepreneurial center, 4,300+ businesses, world-class events and the urban, walkable Bridge Street District. For more information, visit DublinOhioUSA.gov or call 614.410.4400.